Tidewater Announces Contemplated Bond Issue

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Jun 20, 2023

Tidewater Inc. (NYSE: TDW) ("Tidewater" or the "Company") today announced that it intends to commence a private offering of USD denominated 5-year senior unsecured bonds, subject to market conditions. The Company intends to use the net proceeds from the bond issue towards financing a portion of the purchase price to acquire 37 platform supply vessels from Solstad Offshore ASA, as announced on March 7, 2023, and other general corporate purposes.